I enjoyed Toni Braxton’s singing but the lenders didn’t enjoy her not paying on her 11,000+ sq. ft., six-bedroom six-bathroom house in Duluth, Georgia. From the face of it it’s beautiful. A Chapter 7 restructuring plan didn’t work out.
This was the second of Ms. Braxton’s homes that was foreclosed on. The first was in Las Vegas in 2010.
The economy hasn’t been kind to many people at all, even high-profile celebrities. Some of the 1% join the 99% even as we speak.